Wednesday 22 December: Roundup of the IT news from the national and international press.
The Guardian today reported that 24 year old entrepreneur Jonathan Rowland's stake in Web investment company Jellyworks, rocketed tenfold in its first day of trading. Rowland's stake in the company, which was set up only six weeks ago, is now worth £70 million.
3Com topped analyst's expectations for its second quarter, but triggered an after hours sell off by warning of sluggish growth and disappointing earnings in the month ahead, according to The Wall Street Journal. The company reported net income of $177.3 million, compared with $132.9 million a year earlier. Earnings were $130.9 million down from $133.4 million in the same period in 1998.
The government has placed troops on millennium standby to deal with potential catastrophes over the New Year period, the Financial Times reported today. Arrangements are in place for thousands of troops to be called out at 10 minutes notice if revellers turn disorderly or if the millennium bug has catastrophic consequences.
Novell's business "tracking to plan" according to a report in the Wall Street Journal. In a conference call, the Novell's chief financial officer Dennis Raney said business was good in all geographies and the Year 2000 problem had not made a negative impact.
The Financial Times said a serious shortage of ecommerce specialists is creating a new breed of paper millionaire: The 'e-consultant'. The paper said the scramble by big businesses to join the Internet is handing Web consultants the best of both worlds - telephone number sized share packages plus starting salaries of £50,000 to £80,000.
The Times reports that the Royal Opera House has twice this month had to cancel a number of performances because of computer problems. Further cancellations may be necessary in the summer. The Royal Opera House has only just reopened after a £214 million refit, the paper said.
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago